Stop fooling yourself. The current altcoin market? It doesn’t even qualify as a “graveyard”—it’s more like an abandoned morgue that no one cares about.

The data is clear: after removing stablecoins, the total altcoin market cap has crashed 45% from its peak. What’s even more absurd? Prices keep hitting new lows, yet every day there are people in the community shouting “alt season is coming!”—it’s like throwing a concert in a funeral home and complaining the atmosphere isn’t lively enough.

📉 How brutal is the reality?

Technical charts show the answer: “lower highs, lower lows.” Each rebound is weaker than the last, and every drop is harsher than the previous one. This isn’t building up strength—it’s slow bloodletting. What does a 45% drop mean? It means most altcoins have already given back all their gains from the bull run—the past year’s efforts wiped out.

The most ironic part? When “alt season” becomes a contrarian indicator, it means only the bag-holding “true believers” are left trying to comfort themselves.

🎭 Why does shouting louder only make the crash worse?

**First, liquidity has been sucked dry by Bitcoin.** Institutional buying, ETF hype, mainstream narratives—they’re all pouring money and attention into Bitcoin. Altcoins aren’t being abandoned—they’re not even being noticed.

**Second, only veterans are left slicing each other up.** There’s no fresh blood in the market, just old players gaming each other. You guess my move, I guess when you’ll bail. Every little bounce is just a prettier way to dump. No new money coming in—who’s left to buy the bags?

**Finally, the narrative gap.** Last cycle’s DeFi and NFT stories are played out, and the new cycle’s AI+DePIN or RWA concepts haven’t gained traction. No new story, no new capital.

💀 Is there still hope for an alt season?

Yes. But the prerequisite is—

Bitcoin has to finish its “historic mission”: reach a high enough price (say, breaking $100,000), so early profit-takers feel “this is a fat enough profit.” Only then will they willingly swap their Bitcoin for those “not yet pumped” altcoins, betting on the next 10x or 100x legend.

Before that? Any altcoin rebound is just a short breather on the way down.

So stop asking “when is alt season coming?” When no one on the forums mentions those words anymore, when the discussion boards are dead silent, when every altcoin group becomes a “pretend to be dead” group—that’s when it might actually be on the way.